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    San Luis Obispo, CA
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    San Luis Obispo, CA Hotels for Sale

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    Construction-Ready Hotel Site
    Updated: Jul 9
    Construction-Ready Hotel Site

    2223 Monterey Street, San Luis Obispo, CA 93401

    Contact for pricing
    2,410 sqft 4.21 AC lot
    Fully entitled for an 83‑key hotel on a freeway‑adjacent site
    4.21‑acre property along US Highway 101 with 46,500 CPD
    Construction‑ready opportunity with immediate highway access
    Can be re‑entitled as a mixed‑use project with allowed residential and commercial uses
    Former site of the original Motel Inn, the “World’s First Motel”
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    See what stands out in San Luis Obispo County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 1 Active listings in San Luis Obispo, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 7 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Approved Mixed-Use Retail Hotel Development
    Approved Mixed-Use Retail Hotel Development

    800 11th. Street, Paso Robles, CA 93446

    $4,500,000
    10,780 sqft 0.50 AC lot

    Includes a leased restaurant, approved retail and hotel components, and a gated 21-stall parking lot.

    View details
    Boutique Inn Near Downtown
    Boutique Inn Near Downtown

    2749 Spring St, Paso Robles, CA 93446

    Contact for pricing
    8,000 sqft

    Boutique Inn with 24 keys near downtown Paso Robles.

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    Bay View Inn, Morro Bay
    Bay View Inn, Morro Bay

    225 Harbor St, Morro Bay, CA 93442

    Contact for pricing

    23-room coastal property near harbor and Embarcadero.

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    Morro Bay Boutique Hotel Opportunity
    Morro Bay Boutique Hotel Opportunity

    1050 Morro Ave, Morro Bay, CA 93442

    Contact for pricing

    Boutique hotel with ocean views and expansion potential.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land with Beach Front
    Commercial Land with Beach Front

    Atascadero Road, Morro Bay, CA 93442

    $3,900,000
    3.73 AC lot

    CVS-zoned commercial land with beach frontage and public water service in Morro Bay.

    View details
    Nipomo Commercial Land For Sale
    Nipomo Commercial Land For Sale

    549 Hill Nipomo Ca, Nipomo, CA 93444

    $499,000
    50,529 sqft 1.16 AC lot

    1.16 acre commercial land with development potential in Nipomo.

    View details
    C3 Commercial Land Parcel
    C3 Commercial Land Parcel

    Wisteria Lane, Paso Robles, CA 93446

    $1,400,000
    2.20 AC lot

    Build-ready commercial land with completed improvements, fiber optic service, and public water in Paso Robles.

    View details
    C3 Commercial Land Parcel
    C3 Commercial Land Parcel

    Wisteria Lane, Paso Robles, CA 93446

    $2,900,000
    4.72 AC lot

    C3 zoning with completed on-site and off-site improvements, including fiber optic service.

    View details

    Off-Market Properties in San Luis Obispo, CA

    Consider similar Off-Market properties in San Luis Obispo, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1473 Monterey St
    HOTEL

    1473 Monterey St, San Luis Obispo, CA 93401-2925

    $1,395,000
    Estimated value
    4,248 sqft 0.15 AC lot
    View details
    951 Monterey St
    HOTEL/MOTEL

    951 Monterey St, San Luis Obispo, CA 93401-3204

    $12,920,000
    Estimated value
    40,904 sqft 0.33 AC lot
    View details
    1212 Gdn St
    HOTEL

    1212 Gdn St, San Luis Obispo, CA 93401-3914

    $2,990,000
    Estimated value
    6,499 sqft 0.16 AC lot
    View details
    1716 Osos St
    HOTEL

    1716 Osos St, San Luis Obispo, CA 93401-4446

    $415,000
    Estimated value
    3,510 sqft 0.24 AC lot
    View details
    951 Avila Bch Dr
    HOTEL

    951 Avila Bch Dr, San Luis Obispo, CA 93405

    $560,000
    Estimated value
    2,344 sqft 1.55 AC lot
    View details
    978 Olive St
    HOTEL

    978 Olive St, San Luis Obispo, CA 93405-2360

    $430,000
    Estimated value
    2,966 sqft 0.13 AC lot
    View details
    1930 Monterey St
    HOTEL/MOTEL

    1930 Monterey St, San Luis Obispo, CA 93401-2616

    $3,310,000
    Estimated value
    9,590 sqft
    View details

    San Luis Obispo, CA Hotels Market Trends and Statistics

    Explore 8 hotels for sale in San Luis Obispo, CA on our real estate platform. These investment opportunities span a total of 2,410 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 2
    Bed & breakfasts 1

    Demographics Overview

    Population 79K
    Population Growth (5Y) -12.3%
    Median Household Income $82,388
    College Educated 27.6%

    Taxes & Financing

    Tax Rate (average for all types) 1.14%
    Property Tax per SF $13.51 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in San Luis Obispo County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in San Luis Obispo fall within the 10,000 to 25,000 square foot range.

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